ITT Exelis to acquire Australian communications software company
- December 10, 2012
McLean-based ITT Exelis plans to buy a Australian communications software company for $16.8 million.
The Virginia company has signed a definitive agreement to acquire Melbourne-based C4i Pty. Ltd. from the Longreach Group Ltd.
If the deal is approved by Longreach shareholders, the transaction is expected to close in the first quarter of 2013.
The acquisition will not affect Exelis’ 2012 results.
C4i provides advanced communications software used by air-traffic management systems and mobile communications solutions for commercial, homeland security and defense systems.
Its Internet protocol-based voice control and switching solutions allow large networks of radio devices to be integrated.
“C4i’s interoperable communications solutions and engineering talent will complement Exelis’ strong and successful record of integrating, deploying and operating large-scale communications networks for our air traffic management, commercial and defense customers,” Michael R. Wilson, president of Exelis Information Systems, said in a statement. “This acquisition expands our portfolio of critical infrastructure solutions, builds on our presence in Australia, and brings us closer to our customers and markets of interest.”
In addition to Melbourne, C4i has locations in Perth, Australia; Reston, Va.;, and Singapore.
Exelis, a diversified, aerospace, defense and information solutions company, employs about 20,500 people and had 2011 sales of $5.8 billion.